U.S. stocks close lower as jobs data sparks rate fears

NEW YORK (MarketWatch) -- U.S. stocks closed broadly lower Friday, snapping a 5-week winning streak, as stronger-than-expected jobs growth in July raised concerns that the Federal Reserve will continue to raise interest rates for the foreseeable future. See full story.

Crude futures head for a weekly gain of about 2%

SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed Friday and logged a weekly gain of about 3% as refinery output problems, five weeks of falling U.S. gasoline inventories and strong economic data fed concerns that demand will outstrip supplies. See full story.

Economic Report: U.S. July nonfarm payrolls rise 207,000

WASHINGTON (MarketWatch) - U.S. firms stepped up their hiring and gave workers bigger raises in July, solidifying expectations in the markets that the Federal Reserve will continue to raise interest rates through the end of the year. See full story.

Report: U.S. probes bribe allegations at Mercedes

SAN FRANCISCO (MarketWatch) -- The Justice Department is investigating whether DaimlerChrysler AG's Mercedes unit paid bribes in at least a dozen countries and that the company's senior executives may have known, according to a published report. See full story.

Delphi sinks amid GM, union talks, credit line

SAN FRANCISCO (MarketWatch) - Shares of auto-parts maker Delphi Corp. lost more than 14% on Friday after the company announced talks with General Motors and unions about a restructuring, and tapping almost all it could from its credit line. See full story.

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